GRT - Growthpoint Properties Limited - Announcement of distribution reinvestment
GRT
GRT
GRT - Growthpoint Properties Limited - Announcement of distribution reinvestment
ratio and confirmation of finalisation information
Growthpoint Properties Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/004988/06)
Linked unit code: GRT ISIN ZAE000037669
("Growthpoint")
ANNOUNCEMENT OF DISTRIBUTION REINVESTMENT RATIO AND CONFIRMATION OF FINALISATION
INFORMATION
Further to the announcement of the declaration of the cash distribution and
distribution reinvestment alternative included in Growthpoint`s annual results
("Results Announcement") released on the Securities Exchange News Service on
Wednesday, 25 August 2010 and in the press on Thursday, 26 August 2010, the
ratio applicable to linked unitholders electing the distribution reinvestment
alternative and recorded in the register on Friday, 17 September 2010, equates
to 3.90567 Growthpoint linked units for every 100 Growthpoint linked units held
("the Ratio").
The price of R15.90 on which the Ratio is based is a 2.03% discount to the 5 day
volume weighted average price (ex the distribution for the half year ended 30
June 2010 of 62.1 cents) as at the close of business on Thursday, 2 September
2010. Included in the R15.90 is an antecedent divestiture of 27,7 cents per
linked unit for the period 1 July 2010 to 22 September 2010 in respect of the
2011 interim distribution period 1 July 2010 to 31 December 2010.
The salient dates, timetable and all other information relating to the cash
distribution and distribution reinvestment alternative disclosed in the Results
Announcement remain unchanged.
3 September 2010
Sponsor and Investment Bank to Growthpoint
Investec Corporate Finance
Date: 03/09/2010 11:42:00 Produced by the JSE SENS Department.
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